Ben McKenzie
π€ SpeakerAppearances Over Time
Podcast Appearances
How they build pyramids.
Right.
And so crypto...
speculation is like Vegas without the drinks, the dinner, or the show.
There's no entertainment value, I'd argue, personally.
But also, you're playing in an unlicensed, unregulated casino.
Or maybe if it's an American exchange, maybe I guess it's loosely or somewhat regulated.
But you can also do this thing where you win all these poker chips and you go to the teller to cash out.
and the teller window is closed.
They're not going to cash you out.
Also, it's more like Vegas in the 50s when the mafia ran it.
You win and then you end up in the desert, you know, six feet under.
You won too much, so you lost big time.
What's so sort of toxic about it is...
It's so easy to fake real communities online.
I talked to the victims of Celsius and I bond with them, but I asked them because Celsius said, we're like a community bank, but they weren't a bank.
They existed only online.
There were no physical chapters of Celsius.
And they talked about, we do it for the people, you know, bank for the people or something like that.
We do it for the community.